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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: William H Huebl who wrote (65616)	9/3/2003 10:49:35 AM
From: ldo79	Read Replies (2) \| Respond to of 94695

Gee whiz, ya think so: ====================== Spitzer Says Probe Finds Hedge, Mutual Fund Price Manipulation Sept. 3 (Bloomberg) -- New York Attorney General Eliot Spitzer said some U.S. hedge and mutual funds engaged in ``widespread illegal trading schemes'' that may have cost ordinary investors billions of dollars. One hedge fund and its managers agreed to make restitution of $30 million in illegal profits and pay a $10 million fine, according to a press release distributed by Spitzer's office. Spitzer is investigating sales and trading practices at mutual and hedge funds and will hold a news conference today at noon. ``The full extent of this complicated fraud is not yet known'' Spitzer said in the statement. ``The mutual fund industry operates on a double standard. Certain companies and individuals have been given the opportunity to manipulate the system.'' Last Updated: September 3, 2003 09:10 EDT